Each member who signs the petition must have been a member of the credit union for at least 180 days at the time the petitioners submit the petition to the credit union. At least one percent of the credit union's members, with a minimum of 20 members and a maximum of 500 members, must sign the petition. The petition must name one member, and one alternate member, who will represent the petitioners on issues such as inspection procedures, costs, and potential disputes. The petition must also state that the inspection is not desired for any purpose other than the stated purpose that the members signing the petition will not sell or offer for sale any information obtained from the credit union and that the members signing the petition have not within five years preceding the signature date sold or offered for sale any information acquired from the credit union or aided or abetted any person in procuring any information from the credit union for purposes of sale. The petition must state that the petitioners as a whole, or certain named petitioners, agree to pay the direct and reasonable costs associated with search and duplication of requested material. The petition must describe the particular records to be inspected and state a proper purpose for the inspection, that is, a purpose related to the protection of the members' financial interests in the credit union. View on this date view change introduced compare to most recent Treasury tax and loan depositaries depositaries and financial agents of the Government.Ĭhartering and Field of Membership Manual Share, share draft, and share certificate accounts.įederal credit union occupancy and disposal of acquired and abandoned premises. Reimbursement, insurance, and indemnification of officials and employees. Payment on shares by public units and nonmembers. Services for nonmembers within the field of membership. Purchase, sale, and pledge of eligible obligations. Loans to members and lines of credit to members. General authorities and duties of Federal credit union directors.Ĭhange in official or senior executive officer in credit unions that are newly chartered or are in troubled condition.īenefits for employees of Federal credit unions. Member inspection of credit union books, records, and minutes. Organization and Operation of Federal Credit Unionsįederal credit union chartering, field of membership modifications, and conversions.
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